Victory Capital Management Inc. Has $820,000 Position in Antero Midstream Co. (NYSE:AM)

Posted by Defense World Staff on Nov 2nd, 2023

Victory Capital Management Inc. lowered its holdings in shares of Antero Midstream Co. (NYSE:AM – Free Report) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,659 shares of the pipeline company’s stock after selling 1,839 shares during the period. Victory Capital Management Inc.’s holdings in Antero Midstream were worth $820,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Covestor Ltd boosted its stake in Antero Midstream by 2,155.9% during the first quarter. Covestor Ltd now owns 2,301 shares of the pipeline company’s stock worth $25,000 after buying an additional 2,199 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in shares of Antero Midstream in the 1st quarter valued at $27,000. Belpointe Asset Management LLC raised its holdings in shares of Antero Midstream by 248.2% in the first quarter. Belpointe Asset Management LLC now owns 2,646 shares of the pipeline company’s stock valued at $28,000 after buying an additional 1,886 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Antero Midstream by 1,731.1% in the first quarter. Steward Partners Investment Advisory LLC now owns 6,354 shares of the pipeline company’s stock valued at $67,000 after buying an additional 6,007 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Antero Midstream by 11.5% in the first quarter. Captrust Financial Advisors now owns 9,651 shares of the pipeline company’s stock valued at $105,000 after buying an additional 994 shares during the last quarter. Institutional investors and hedge funds own 52.02% of the company’s stock.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $12.01, for a total value of $60,050.00. Following the completion of the transaction, the director now directly owns 71,047 shares in the company, valued at approximately $853,274.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Brooks J. Klimley sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $12.01, for a total value of $60,050.00. Following the completion of the transaction, the director now directly owns 71,047 shares in the company, valued at approximately $853,274.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janine J. Mcardle acquired 6,011 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average price of $11.96 per share, with a total value of $71,891.56. Following the completion of the transaction, the director now directly owns 54,093 shares in the company, valued at approximately $646,952.28. The disclosure for this purchase can be found here. 0.52% of the stock is owned by insiders.

Antero Midstream Price Performance

Antero Midstream stock opened at $12.64 on Thursday. The firm has a market capitalization of $6.06 billion, a P/E ratio of 17.32 and a beta of 2.34. Antero Midstream Co. has a 1 year low of $9.56 and a 1 year high of $12.75. The business has a 50-day moving average of $12.06 and a 200-day moving average of $11.45. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.51.

Antero Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a dividend of $0.225 per share. The ex-dividend date is Tuesday, October 24th. This represents a $0.90 annualized dividend and a dividend yield of 7.12%. Antero Midstream’s payout ratio is currently 123.29%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group cut their price target on Antero Midstream from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, October 5th. StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Pickering Energy Partners initiated coverage on Antero Midstream in a report on Tuesday, October 3rd. They issued an “outperform” rating for the company. The Goldman Sachs Group initiated coverage on Antero Midstream in a report on Thursday, October 5th. They set a “neutral” rating and a $12.50 price objective for the company. Finally, Morgan Stanley boosted their price objective on Antero Midstream from $12.00 to $13.00 and gave the stock an “underweight” rating in a report on Thursday, July 20th. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Antero Midstream currently has an average rating of “Hold” and a consensus price target of $12.30.

Check Out Our Latest Stock Report on AM

Antero Midstream Profile

(Free Report)

Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure in the Appalachian Basin. It operates through Gathering and Processing, and Water Handling segments. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.